3 Questions to Ask Your Credit Service Company Before Signing a Contract

You don’t contact a credit service company because things are going well. You enlist credit repair services because you’ve been through the financial ringer once or twice. You need creative solutions.

These companies can help a great deal with credit restoration, but the last thing you want is more money problems. To avoid them, you need to know how to vet a credit service company before you sign a contract with them.

So how do you do that? What should you know about a credit repair company before signing on with them? We’ll tell you just that below, in the form of three questions you can ask before you sign on the dotted line.

Read on to prepare yourself to do business with the best credit repair companies.

Credit Service Company Questions You May Not Have Thought to Ask

The world of credit is a complicated one. There are financial institutions and collection agencies to navigate, not to mention the advanced degree it seemingly takes to make sense of a credit score in the first place.

Because there is so much opportunity for confusion, you may not know the right questions to ask to get the answers you need. Here are the questions that might not be obvious but are still essential.

1. Do you offer a free consultation?

This question serves multiple purposes. First, it eliminates any company that doesn’t offer to look over your credit report and tell you what they can do to help. This is important because if you don’t know what a company is promising, it’s difficult to evaluate their services.

But this question also has the benefit of finding out which companies charge fees upfront before beginning work.

One word when it comes to these companies: run! This practice is banned by the Credit Repair Organizations Act. Any company charging upfront is not legitimate.

2. Do you have an attorney on staff?

Not all credit issues require a lawyer. But knowing whether or not the company you’re vetting works with attorneys or, even better, employs one on their staff is a great way to know how well prepared the company is. A company that employs an attorney is prepared for the full range of credit issues that may arise.

3. Do you offer fixed price programs?

You want to choose a company that offers its services for a fixed price rather than charging a monthly fee. If a company suggests the latter, they are incentivized to drag out your services for as long as possible.

You want a company that is going to work for you as efficiently as possible. Charging a fixed price for services is one way to ensure that.

Ask Away!

Any credit service company worth its salt will have no problem answering any of these questions for you. They might even preempt your questions and give you the information straight away.

Credit repair can be a frustrating process, but choosing the right company goes a long way toward providing relief.